Posted On: March 24, 2007, 6:13 pm CDT

Posted By: bill schneider

Maybe, just maybe, the solution is to NOT WRITE ANY E&O's for ANY profession which has undertaken ANY kind of activity PRIOR TO APPLYING AND PURCHASING such Claims-made policies. Once ANY professional "puts his hand" onto ANYTHING, there is a possibility of things going awry. We as Insurance Agents face that likelihood with every customer we write. Insurance however deals with probabilities, not possibilities. Who would admit to wrongdoing of ANYTHING? The Insurance Companies draft the language and take a premium for the wording within the four corners of the paper that is sold. The companies have researche and have emperical knowledge of Subjective and Objective arguments affecting the risks they undertake. Our free enterprise system allows for final arbiters --- Conservative, Liberals, Middle-of-Roaders, etc., to pass judgment. On April 15th, we all know just what we pay to support.